The high-profile divorce case involving the 63-year-old controlling shareholder and Chairman of Digital China Group Co.,Ltd. (000034.SZ), Guo Wei, has seen a new development.
On May 29, Digital China disclosed a progress announcement regarding litigation involving its controlling shareholder and actual controller.
According to the announcement, the company recently received notice from its controlling shareholder and actual controller, Guo Wei, that the Beijing First Intermediate People's Court has issued a Civil Judgment (No. (2026) Jing 01 Min Zhong 446) regarding the appeal filed by the appellant, Guo Zhengli, who was dissatisfied with the first-instance judgment from the Beijing Haidian District People's Court. The judgment is as follows: the appeal is dismissed, and the original judgment is upheld. This judgment is final.
This divorce case can be traced back to early 2025.
On January 27, 2025, Digital China announced that due to Guo Wei's marriage and family dispute case, 77.3889 million shares of Digital China held by him were frozen by the Beijing Haidian District Court. The frozen shares accounted for 50% of his total holdings in the company and 11.56% of the company's total share capital, with the freeze expiring on January 21, 2028. Based on the stock price of 43.86 yuan per share on that day, the market value of these frozen shares was approximately 3.394 billion yuan.
The announcement at the time showed that Guo Wei held 154.777803 million shares of Digital China, of which 116.083352 million were restricted shares (executive lock-up shares) and 38.694451 million were unrestricted tradable shares.
In this lawsuit, Guo Wei was the plaintiff, and Guo Zhengli was the defendant. The case was filed with the Beijing Haidian District People's Court, requesting a judgment for divorce and property division. On October 10, 2025, the company disclosed that the Beijing Haidian District People's Court had issued a first-instance judgment in the marriage and family dispute case between Guo Wei and Guo Zhengli: Guo Wei and Guo Zhengli are divorced. Regarding the matter of property division, the Beijing Haidian District People's Court will continue the trial and issue a separate ruling.
Digital China emphasized in its latest announcement that regarding the property division matter, the Beijing Haidian District People's Court will continue the trial and will issue a ruling after ascertaining the facts. The final outcome of the litigation is currently unforeseeable, and there is uncertainty as to whether the company's actual control will change. The company is completely separate from its controlling shareholder and actual controller in terms of assets and other aspects, possessing independent and complete assets, business, and autonomous operational capabilities. This litigation only involves the personal shareholder equity of the controlling shareholder and actual controller in the company and will not have a significant impact on the company's profits or production and operational conditions. The company's current production and operations are normal. The company will timely fulfill its information disclosure obligations based on the subsequent progress of the case, and investors are advised to be mindful of investment risks.
Information shows that Guo Wei, male, born in 1963, graduated from the University of Science and Technology of China. He joined Lenovo Group in 1988, serving successively as General Manager of the Public Relations Department, Assistant President, and Senior Vice President. After the split of Lenovo Group in 2000, Guo Wei led the Digital China team to start a second venture. In June 2001, Digital China Holdings successfully listed on the Hong Kong Stock Exchange. In 2016, Digital China Holdings injected its IT distribution business into Shenxin Tai Feng, achieving a backdoor listing on the A-share market.
Guo Zhengli graduated from Brown University in the United States, earning a Bachelor's degree and a Master's degree in Electrical Engineering, as well as an MBA in "International Business and Marketing." She previously served as an executive for Intel and Microsoft in the Asia-Pacific region. At the end of 2017, she was invited to join Digital China Holdings, serving as the Chief Operating Officer.
Digital China Group Co., Ltd. was founded in 1982. Its main business scope includes research and development of computer hardware and supporting components; installation and maintenance of network products, multimedia products, electronic information and communication products, office automation equipment, instruments and meters, electrical and printing and typesetting equipment, and computer application systems.
In the first quarter of this year, the company achieved total operating revenue of 40.557 billion yuan, a year-on-year increase of 27.62%; net profit attributable to shareholders of the parent company was 236 million yuan, a year-on-year increase of 8.62%; non-GAAP net profit was 233 million yuan, a year-on-year increase of 4.14%; net cash flow from operating activities was -2.498 billion yuan, compared to 2.729 billion yuan in the same period last year.
Comments